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NSU Corporation Common Size Balance Sheet (horizontal) ($ in thousands) Assets 2019 2018 2017 2016 Cash 27000 26000 25800 25500 Accounts receivable 135000 132000 130000

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NSU Corporation Common Size Balance Sheet (horizontal) ($ in thousands) Assets 2019 2018 2017 2016 Cash 27000 26000 25800 25500 Accounts receivable 135000 132000 130000 129000 Inventories 128000 130000 134000 132000 Current Assets 290000 288000 289800 286500 Gross fixed assets 300000 296000 294000 292000 accumulated depreciation 50000 48000 47000 46000 Net fixed assets 250000 248000 247000 246000 Intangible assets 20000 18000 17000 16000 Total Assets 560000 554000 553800 548500 Liabilities and Stockholders' Equity Accounts payable 75000 76000 76500 77000 Accrued expenses 13000 13500 14000 13000 Current Liabilities 88000 89500 90500 90000 Long-term debt 170000 168000 165000 164000 Preferred stock Common stock 100000 100000 100000 100000 Paid-in capital 150000 150000 150000 150000 Retained earnings 52000 46500 48300 44500 Total Liabilities & Equity 560000 554000 553800 548500 Common Size Income Statement (horizontal) ($ in thousands) 2019 2018 2017 2016 Net sales 920000 950000 910000 850000 Cost of goods sold 640000 648000 624000 580000 Gross margin 280000 302000 286000 270000 Selling & Administrative expense 154000 156000 153000 149000 depreciation expense 2000 1000 1000 1000 EBIT 124000 145000 132000 120000 Interest expense 17000 16000 15000 14500 EBT 107000 129000 117000 105500 Income taxes 36300 43200 39800 35800 Net income 70700 85800 77200 69700 Dividends paid 65200 87600 73400 65000NSU Corporation Comparative Balance Sheet ($ in thousands) Assets 2019 2018 2017 2016 Cash 27000 26000 25800 25500 Accounts receivable 135000 132000 130000 129000 Inventories 128000 130000 134000 132000 Current Assets 290000 288000 289800 286500 Gross fixed assets 300000 296000 294000 292000 accumulated depreciation 50000 48000 47000 46000 Net fixed assets 250000 248000 247000 246000 Intangible assets 20000 18000 17000 16000 Total Assets 560000 554000 553800 548500 Liabilities and Stockholders' Equity Accounts payable 75000 76000 76500 77000 Accrued expenses 13000 13500 14000 13000 Current Liabilities 88000 89500 90500 90000 Long-term debt 170000 168000 165000 164000 Preferred stock 10000 10000 10000 10000 Common stock 100000 100000 100000 100000 1,000,000 shares outstanding; par value = $1.00 Paid-in capital 140000 140000 140000 140000 Retained earnings 52000 46500 48300 44500 Total Liabilities & Equity 560000 554000 553800 548500 Comparative Income Statement ($ in thousands) 2019 2018 2017 2016 Net sales 920000 950000 910000 850000 Cost of goods sold 640000 548000 624000 580000 Gross margin 280000 302000 286000 270000 Selling & Administrative expense 154000 156000 153000 149000 depreciation expense 2000 1000 1000 1000 EBIT 124000 145000 132000 120000 Interest expense 17000 16000 15000 14500 EBT 107000 129000 117000 105500 Income taxes 36300 43200 39800 35800 Net income 70700 85800 77200 69700 Dividends paid 65200 87600 73400 65000NSU Corporation Common Size Balance Sheet (vertical) ($ in thousands) Assets 2019 2018 2017 2016 Cash 27000 26000 25800 25500 Accounts receivable 135000 132000 130000 129000 Inventories 128000 130000 134000 132000 Current Assets 290000 288000 289800 286500 Gross fixed assets 300000 296000 294000 292000 accumulated depreciation 50000 48000 47000 46000 Net fixed assets 250000 248000 247000 246000 Intangible assets 20000 18000 17000 16000 Total Assets 560000 554000 553800 548500 Liabilities and Stockholders' Equity Accounts payable 75000 76000 76500 77000 Accrued expenses 13000 13500 14000 13000 Current Liabilities 88000 89500 90500 90000 Long-term debt 170000 168000 165000 164000 Preferred stock 10000 10000 10000 10000 Common stock 100000 100000 100000 100000 Paid-in capital 140000 140000 140000 140000 Retained earnings 52000 46500 48300 44500 Total Liabilities & Equity 560000 554000 553800 548500 Common Size Income Statement (vertical) ($ in thousands) 2019 2018 2017 2016 Net sales 920000 950000 910000 850000 Cost of goods sold 640000 648000 624000 580000 Gross margin 280000 302000 286000 270000 Selling & Administrative expense 154000 156000 153000 149000 depreciation expense 2000 1000 1000 1000 EBIT 124000 145000 132000 120000 Interest expense 17000 16000 15000 14500 EBT 107000 129000 117000 105500 Income taxes 36300 43200 39800 35800 Net income 70700 85800 77200 69700 Dividends paid 65200 87600 73400 65000

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